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We are here for you to provide the important Recent and Latest Current Affairs July 25 2026, which have unique updates of Latest Current Affairs 2026 events from all newspapers such as The Hindu, The Economic Times, PIB, Times of India, PTI, Indian Express, Business Standard and all Government official websites.

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NATIONAL AFFAIRS

India Hosts 16th BRICS Health Minister’s Meeting in Chandigarh , Adopts Health Ministerial Declaration
In July 2026, the 16th BRICS (Brazil, Russia, India, China, and South Africa): Health minister’s meeting concluded in Chandigarh under India’s BRICS chairmanship 2026, providing a platform for member countries to deliberate on key health challenges and reaffirm their commitment to strengthening health systems, promoting innovation, enhancing pandemic preparedness, and advancing Universal Health Coverage (UHC) through sustained cooperation.

• The meeting concluded with the unanimous adoption of the ‘Health Ministerial Declaration’ as its key outcome.

About 16th BRICS Health Minister’s Meeting:
Theme: The meeting was conducted under the theme, “Building for Resilience, Innovation, Cooperation and Sustainability”.
Virtual Address: Union Minister Jagat Prakash Nadda, Ministry of Health and Family Welfare (MoH&FW) virtually addressed the meeting and welcomed the Health Ministers, Heads of Delegation, and senior officials.
Key Outcomes: The meeting released the BRICS Good Practices (GxP) White Paper and the BRICS Compendium on Digital Health Architecture, launched the BRICS Mission for Healthy Lifestyle, the Healthy Lifestyle Promotion Roadmap (2026–2029), and the BRICS Network of Centres of Excellence (CoE) on Mental Wellness, and established the BRICS Expert Working Group on Traditional, Complementary and Integrative Medicine (TCIM) and the Sub-Working Group on the BRICS Integrated Early Warning System (EWS).

DPIIT’s OEA Released Revised Series of Index of Core Industries with Base Year 2022-23 
In July 2026, the Office of Economic Adviser (OEA), Department for Promotion of Industry and Internal Trade (DPIIT) under the Ministry of Commerce and Industry (MoCI) released the revised series of Index of Core Industries (ICI) with Base Year 2022-23, replacing the existing series of ICI with Base Year 2011- 12.
About ICI 2022-23:
Inclusion of Iron Ore: The revised ICI included iron ore in the list of core industries due to its intensive use in the production process, and contribution to industrial development, increasing the number of core industries to 09 from existing eight: coal, crude oil, natural gas, refinery products, fertilisers, steel, cement, and electricity.
Industry-wise Weightage: The weights assigned to the core industries: Coal (1.840%); Natural Gas (1.263%); Crude Oil (2.443%); Refinery products(7.422%);  Fertilizers (0.898%); Steel (5.782%); Cement (1.450%); Electricity (10.171%) and Iron Ore (1.613%); and are proportionately adjusted to total 100.
Release of Provisional Data: In addition, the OEA also released the provisional ICI for June 2026, which recorded a 5% Year-on-Year (Y-o-Y) growth compared to 3.2%  growth recorded in May 2026.

• The combined growth rate of ICI during the 1st Quarter (Q1: April-June) of the Financial Year 2026-27 (FY27) stood at 3.6% (Provisional Estimate), over the 1.0% growth recorded in the corresponding period of the previous year.
• Among all the nine sectors, Iron Ore recorded the highest annual growth of +43.9%; followed by Electricity and Cement (each recorded +9.8%); steel production (+4.6%), and coal (+1.4%) during the month of June 2026.
• In contrast, sectors like: Natural Gas(-7.4%),  Refinery Products (-4.7%), Crude Oil (-4.2%) and Fertilizers (-3.3%) registered negative Y-o-Y growth during the month.

NRDC and NCISM Sign MoU to Commercialise Traditional Medicine Research
In July 2026, National Research Development Corporation (NRDC) and the National Commission for Indian System of Medicine (NCISM), a statutory body under the Ministry of AYUSH (Ayurveda, Yoga & Naturopathy, Unani, Siddha, and Homeopathy), signed a Memorandum of Understanding (MoU) for promoting innovation, Intellectual Property (IP) management, technology transfer and commercialization of research outcomes in the Indian System of Medicine.

• The MoU was exchanged between Commodor(Cmde). Amit Rastogi (Retd.), Chairman & Managing Director (CMD), NRDC, and Dr. Maneesha Kothekar, Chairperson, NCISM.

Key Details of MoU:
Objective: The partnership aims to bridge gaps between research and commercialization by fostering innovation-led growth in Ayurveda, Unani, Siddha, and Sowa-Rigpa medicine systems.
Focus Areas: The partnership will strengthen IP protection, foster innovation and entrepreneurship, building institutional IP frameworks and promoting technology showcases, ideathons, hackathons, and digital dissemination of success stories.
NRDC Support: It offers end-to-end support for innovation including IP protection, patent and trademark facilitation, technology transfer, commercialization mentoring, incubation support, and industry collaborations.
NCISM Role: It provides structured facilitation for collaboration with regulated institutions, Research, Innovation, and Entrepreneurship Development (RIED) Cells, and registered practitioners.

NIELIT and SCL Mohali Collaborate to Make Indigenous 1.2 µm Process Design Kit Available on eChipHub 
In July 2026, the National Institute of Electronics and Information Technology (NIELIT) under the Ministry of Electronics and Information Technology (MeitY), signed a Memorandum of Understanding (MoU) with Semi-Conductor Laboratory (SCL), Mohali, Punjab to integrate and make India’s indigenous 1.2 micrometre(µm) Process Design Kit (PDK) available on the eChipHub platform.
Key Details of MoU:
Access: The initiative will provide students, researchers, faculty, startups, Micro, Small and Medium Enterprises (MSMEs), and industry professionals with access to an indigenous semiconductor process technology for Integrated Circuit (IC) design and prototyping, promoting practical semiconductor design education and innovation.
Integration: The SCL 1.2 µm PDK has been integrated with eChipHub through a secure Aadhaar-authenticated download system, creating India’s first indigenous design-to-fabrication learning pathway for IC design.
Significance: The initiative strengthens India’s semiconductor ecosystem and supports the India Semiconductor Mission (ISM) by providing access to indigenous semiconductor process technology for integrated circuit (IC) design and prototyping.
About eChipHub Platform: It is implemented and managed by NIELIT under a MeitY-funded project and jointly developed with SoCTeamup Semiconductors Pvt. Ltd., serving as India’s national platform for semiconductor design education and capacity building.

Raghu Vamsi Aerospace to Set Up Rs 600 Crore Superalloy Manufacturing Facility in Telangana 
In July 2026, Raghu Vamsi Aerospace Group announced an investment of over Rs 600 crore to establish an integrated nickel-based superalloy manufacturing facility in Telangana. The announcement was made during the Farnborough International Airshow 2026 in the United Kingdom (UK).

• The project aims to strengthen India’s domestic manufacturing capabilities for high-performance superalloys used in the aerospace, defence, energy and other strategic sectors, while reducing dependence on imports.

Highlights of the Manufacturing Facility: 
Project Leadership: The project will be led by Dr. S. K. Jha, former Chairman and Managing Director (CMD) of Mishra Dhatu Nigam Limited (MIDHANI), India’s premier special metals manufacturer.
Facility:  Raghu Vamsi Aerospace Group will establish a 50-acre facility near Hyderabad, Telangana, with a 5,000-tonne annual capacity to manufacture nickel-based superalloys and specialised products such as round bars, wires, forgings, castings and tungsten carbide powders.
Commercial Operations: Commercial production from the facility is expected to commence in January 2028 after completion of construction, product qualification and certification processes.
Significance:  The facility will reduce India’s import dependence and strengthen strategic applications, including defence platforms, aero engines, space systems, gas turbines, nuclear energy and hydrogen technologies.
Raghu Vamsi Aerospace Group:  Established in 2015 and headquartered in Hyderabad, Telangana, is a precision manufacturing and deep-tech company serving the aerospace, defence and energy sectors.

Union Minister Rajnath Singh Flags In First-Ever Tri-Service All-Women ‘Samudra Pradakshina’ Expedition
In July 2026, Union Minister Rajnath Singh, Ministry of Defence (MoD), virtually flagged off ‘Samudra Pradakshina‘, India’s first-ever Tri-Service all-women circumnavigation sailing expedition.

• Indian Army Sailing Vessel (IASV) Triveni, crewed by nine women officers from the Indian Army (IA), Indian Navy (IN) and Indian Air Force (IAF), successfully completed a 314-day global voyage covering nearly 25,500 nautical miles across four oceans, arriving at Mumbai, Maharashtra.

About Samudra Pradakshina Expedition:
Flag-Off: The expedition was originally virtually flagged off by Union Minister Rajnath Singh on 11 September 2025 from the Gateway of India, Mumbai.
Global Circumnavigation: The IASV Triveni team crossed all meridians of longitude, the Equator twice, the International Date Line, and the Three Great Capes (Cape Leeuwin, Cape Horn, and Cape of Good Hope).

• The crew navigated the Drake Passage and rounded Cape Horn, earning membership in the elite fraternity of Cape Horners.

Symbolism: The expedition is a symbol of Nari Shakti (women’s power), joint military integration across services, and India’s commitment to maritime prowess and international goodwill.
Navika Sagar Parikrama: Completed in 254 days (10 September 2017 – 21 May 2018), this expedition marked India’s first all-women naval circumnavigation, demonstrating maritime skill, endurance, and operational excellence.

BANKING & FINANCE

PNB & AP Sign MoU to Establish India’s First Bank-Led Quantum Finance Hub 
In July 2026, Punjab National Bank (PNB), an Indian public sector bank, and the Government of Andhra Pradesh (AP) signed a Memorandum of Understanding (MoU) to establish the PNB Quantum Finance Hub, India’s first bank-led Quantum Finance Hub at Amaravati Quantum Valley (AQV), Amaravati, AP.

• With this collaboration, PNB became the first bank to join hands with a state government in setting up a dedicated Quantum Finance Facility.

About PNB Quantum Finance Hub:
Hub: The hub aims to develop secure, intelligent, and future-ready banking solutions using Quantum Computing (QC) & Artificial Intelligence (AI) through collaborative research, innovation, cybersecurity, and skill development.
Functions:The Hub brings together industry, academia, startups, and research institutions to promote research, innovation, startup incubation, talent development, and secure digital financial innovation.
About PNB: Established on 19 May 1894 and commencing operations on 12 April 1895, PNB is India’s second-largest PSB after the State Bank of India (SBI).

• It is headquartered in Dwarka, New Delhi, Delhi and its current Managing Director (MD) and Chief Executive Officer (CEO) is Ashok Chandra.

SEBI Approves Carnelian Asset Management to Launch MF Business
In July 2026, the Securities and Exchange Board of India (SEBI) approved Carnelian Asset Management & Advisors Private Limited to launch its Mutual Fund(MF) business, enabling the firm to offer active and passive equity, debt and hybrid mutual fund schemes to retail investors and expand its integrated wealth management platform.
About Approval for MF Business:
Approval: The approval enables Carnelian to expand beyond Portfolio Management Services (PMS), Alternative Investment Funds (AIFs) and offshore investment strategies by offering regulated mutual fund products.
Products: The company plans to launch active and passive mutual fund schemes across equity, debt and hybrid asset classes to cater to a broader retail investor base.
Focus Areas: The company aims to deepen mutual fund penetration by expanding its reach across Tier-II, Tier-III, and rural India through greater financial awareness.
About Carnelian: It is a Mumbai (Maharashtra)-based asset management company founded in 2019 by Vikas Khemani, Manoj Bahety and Swati Khemani.

• As of 30 June 2026, the company managed over Rs.18,300 crore in assets, serving more than 8,600 clients through a network of over 710 partners across India.

ECONOMY & BUSINESS

Sona Comstar & DENSO Sign Agreements to Establish Two JVs for Electric and Hybrid Powertrain Systems 
In July 2026, Sona BLW Precision Forgings Limited (Sona Comstar) and Japan-based DENSO Corporation signed agreements to establish two Joint Ventures (JVs) in India for developing, manufacturing, and marketing advanced electric and hybrid powertrain systems for multiple vehicle segments.

• The MoU was signed by Vivek Vikram Singh, Managing Director (MD) & Group Chief Executive Officer (CEO), Sona Comstar, and Tsuneo Maebara, Head of Powertrain Systems Business Group, DENSO Corporation.

Highlights of Two JVs for Electric and Hybrid PowerTrain: 
Objective: The partnership combines DENSO’s electrification and research & development (R&D) expertise with Sona Comstar’s engineering and manufacturing capabilities to develop globally competitive electric mobility solutions and support the transition towards vehicle electrification.
First JV:  It will develop high-voltage liquid-cooled traction systems for electric and hybrid vehicles, with DENSO holding 51% stake and Sona Comstar holding 49% stake.
Second JV: It will develop will focus on two-wheelers and three-wheelers, manufacturing air-cooled traction inverters, traction motors, generators, with DENSO acquiring 49% stake (Rs. 1,750 crore) and Sona Comstar retaining 51% stake.
About Sona Comstar: It is headquartered in Gurugram, Haryana, and was incorporated on 27 October 1995 as Sona Okegawa Precision Forgings Limited, a joint venture with Mitsubishi Metal Corporation Limited.

• The company specializes in engineering mission-critical systems and components for the automotive industry.

Air India & Saudia Sign MoU to Strengthen Aviation Partnership  
In July 2026, Air India and Saudia, the national flag carrier of Saudi Arabia, signed a Memorandum of Understanding (MoU) to expand their strategic cooperation between India and Saudi Arabia.

• The MoU was signed by Ibrahim Al-Omar, Director General (DG) of Saudia Group, and Campbell Wilson, Chief Executive Officer (CEO) & Managing Director (MD) of Air India.

Highlights of  the MoU to Strengthen Aviation: 
Objective: The partnership aims to provide passengers with improved connectivity, seamless transfers, greater travel flexibility, enhanced customer experience and wider destination choices.
Cooperation: The MoU adopts a phased approach to the partnership, beginning with the expansion of the existing codeshare agreement to provide passengers with access to a wider network through both airlines.
Key Areas: The airlines will enhance India–Saudi Arabia aviation connectivity by improving network connectivity, exploring terminal co-location, strengthening loyalty programme cooperation, extending collaboration to Air India Express and flyadeal, and providing passengers with greater flexibility and travel options.
About Air India:  Air India, founded in 1932 and headquartered in Gurugram, Haryana, India, is a leading aviation and air transport company owned by the Tata Group.

• Since its privatisation in 2022, Air India has expanded its global network through 25 codeshare partnerships, 120+ interline agreements and access to 1,000+ destinations.

AWARDS & RECOGNITIONS

DBS Named World’s Best Corporate Bank by Global Finance
In July 2026, DBS Bank Limited, a Singaporean multinational banking and financial services corporation, was awarded the World’s Best Corporate Bank at the 2026 Global Bank Awards by ‘Global Finance magazine’, becoming the first Southeast Asian bank to win this accolade since the category’s inception in 2005.

• DBS held the title of ‘Safest Bank’ in Asia by Global Finance for 17 consecutive years (2009–2025).

About 2026 Global Bank Awards:
Evaluation: Global Finance magazine’s editorial board, with input from corporate financial executives, analysts, and bankers worldwide, selected winners based on annual performance, reputation, and management excellence.
Other recognitions in 2026: Other major winners at the 2026 Global Bank Awards included Santander (Spain) as World’s Best Bank, State Bank of India (India) as World’s Best Consumer Bank, BBVA (Spain) as World’s Best Emerging Markets Bank, Ecobank (Togo) as World’s Best Frontier Markets Bank, and CIBC Mellon (Canada) as World’s Best Sub-Custodian Bank.

• Best Corporate Bank in Asia (Coalition Greenwich, United States of America (USA) ), Best Bank for Financial Institutions in Asia-Pacific (Global Finance, USA), Best Transaction Bank in Asia-Pacific (Global Finance, USA), and Best Bank for SMEs (Small and Medium-sized Enterprises) in Asia & Singapore (Euromoney, United Kingdom (UK))

APPOINTMENTS & RESIGNATIONS

Harjit Singh Grewal Assumes Charge as Chairman of NCM
In July 2026, Harjit Singh Grewal assumed charge as the Chairman of the National Commission for Minorities (NCM) for a three-year tenure, following his appointment by the Ministry of Minority Affairs(MoMA) under the NCM Act, 1992. He succeeded Iqbal Singh Lalpura, whose tenure ended in April 2025.

• With the induction of the new leadership, the National Commission for Minorities aims to further strengthen efforts towards justice, equality, empowerment and inclusive development.

Other Key Appointments:
Vice Chairperson:  S. Munawari Begum assumed office as the Vice Chairperson of NCM on to strengthen minority rights protection and promote equal opportunities.
Christian Member:  Glenn Souza Ticlo joined as a Member of NCM representing the Christian community and served as a Goa Legislative Assembly (MLA) member from the Aldona constituency for two consecutive terms (2012–2022).
Parsi Member:  Berjis Desai joined NCM as a Member representing the Parsi community and is a senior High Court advocate and writer.
About NCM: It is a statutory body established under the National Commission for Minorities Act, 1992 to safeguard the interests of minority communities.

• Constituted on 17 May 1993, it is mandated to protect and monitor the safeguards of the six notified religious minority communities in India: Muslims, Christians, Sikhs, Buddhists, Parsis (Zoroastrians), and Jains.

SCIENCE & TECHNOLOGY

DRDO Successfully Conducts Maiden Flight Test of ‘Kusha’ LR-SAM
In July 2026, Defence Research & Development Organisation (DRDO) successfully conducted the maiden flight test of ‘Kusha‘ Long-Range Surface-to-Air Missile (LR-SAM) from APJ Abdul Kalam Island off the coast of Odisha.

• The missile system successfully intercepted an electronic target simulating a high-speed, high-altitude aerial threat, demonstrating its precision and operational readiness.

About Kusha LR-SAM:
Kusha missile system: A versatile air-defence platform designed to intercept and neutralise fighter aircraft, stealth platforms, unmanned aerial vehicles (UAVs), cruise missiles, precision-guided munitions (PGMs), and select classes of ballistic missile threats across an extended range and altitude envelope.
Development: All weapon system elements, including the missiles, radars, command and control centre, have been indigenously developed by various DRDO laboratories in collaboration with Indian Industry partners.
Multi-Tier Interceptor Variants: 
Overview: Kusha employs three distinct interceptor missile variants for targeting incoming projectiles at different ranges.

• M1 Missile: Short-to-medium-range interceptor missile that can take down a target within an operational range of 150 km (kilometres).
• M2 Missile: Medium-to-long-range interceptor having a 250 km range
• M3 Missile: Long-range missile with an extended reach up to 350–400 km.

DRDO’s GTRE Developed India’s First Indigenous 350 kg Thrust Class Expendable Turbojet Engine 
In July 2026, Gas Turbine Research Establishment (GTRE), a laboratory of the Defence Research and Development Organisation (DRDO), designed and developed India’s first indigenous 350 kg (kilogram) thrust class Expendable Turbojet Engine, with Hyderabad (Telangana)-based Azad Engineering, serving as the project’s industry partner for manufacturing and assembly.

• It was formally handed over by Chief Executive Officer (CEO) Rakesh Chopdar, Azad Engineering, to Dr K. Rajalakshmi Menon, Director General (DG) of Aeronautical Systems and Dr S.V. Ramanamurty, Director at GTRE.

About Indigenous Expendable Turbojet Engine:
Technology: The expendable turbojet engine incorporates advanced precision engineering, metallurgy and manufacturing technologies, with such propulsion systems mastered by only a handful of nations.
Development: The engine was developed in approximately 24 months, converting the DRDO’s design into a flight-ready propulsion system using superalloys and precision manufacturing processes.
Working: A turbojet engine is a gas turbine engine that generates thrust by compressing air, burning fuel and expelling high-speed exhaust gases through a nozzle.
While expendable turbojet engines are designed for single-use or limited-use applications such as missiles and unmanned systems.

China Launches Gravity-1 rocket from sea, sends 9 satellites into orbit
In July 2026, Chinese aerospace company Orienspace launched its Gravity-1 Y4 carrier rocket from a sea-based platform in the East China

Sea, placing 9 satellites into their designated orbits.

• This mission marked the rocket’s 3rd flight and 1st long-range sea launch.

Details of the Satellites 
Satellites carried: The rocket carried nine satellites which included – Dongpo-13, Dongpo-14, Dongpo-17 to Dongpo-20, Xiguang-2 01, Tianyi-49 and Lilac-3.
Dongpo satellites purpose: Two of the satellites are equipped with optical imaging systems and onboard artificial intelligence (AI) capable of target recognition, intelligent image analysis and faster data processing.

IMPORTANT DAYS

Income Tax Day 2026 – July 24 
Income Tax Day (Aaykar Diwas) is observed annually across India on 24 July to mark the introduction of Income Tax in 1860 by Sir James Wilson.

• 24 July 2026 marks the 167th anniversary of Income Tax Day (IT Day)

Background: 
Official Recognition: In 2010, the Government of India (GoI) officially designated 24 July as Income Tax Day to commemorate the 150th anniversary of the introduction of the Income Tax (IT) system in India.
Significance: The day recognizes the evolution of India’s tax system, its contribution to nation-building, and the service of Income Tax Department (ITD) officials.

World Drowning Prevention Day 2026 – July 25 
The United Nations (UN’s) World Drowning Prevention Day is observed annually across the world on 25 July to highlight the global impact of drowning, promote life-saving prevention measures and encourage coordinated action for water safety.

•  2026 marks the 6th observance of World Drowning Prevention Day.

2026 Theme: “Unite to Turn the Tide on Drowning”
Background:  
Resolution:  The United Nations General Assembly (UNGA) adopted Resolution A/RES/75/273 on 28 April 2021, officially declaring 25 July as World Drowning Prevention Day.
Observance:  This day was First observed on 25 July 2021.
Global Collaboration:  The 76th World Health Assembly(WHA) (May 2023) also adopted the first resolution on drowning prevention, “Accelerating Action on Global Drowning Prevention,” proposed by Bangladesh and Ireland and supported by 72+ Member States.

STATE NEWS

VTU, Google Enter Academic Agreement to Boost AI Skills and Campus Placements
In July 2026, Visvesvaraya Technological University (VTU), Bengaluru(Karnataka) signed an academic collaboration agreement with Google LLC to provide Artificial Intelligence (AI) and other industry-relevant skill modules to students and faculty of VTU.

• The agreement was signed by Dr S. Vidyashankar, Vice-Chancellor, VTU, and Sanjay Jain, Head of Google for Education, India in Bengaluru.
• VTU has also entered into similar collaborations with Qualcomm, and Bharat Skills Foundation.

Key Details of Agreement:
Objective: The collaboration aims to bridge the gap between academia and industry by integrating Google’s AI technologies, certification programmes, and digital learning resources into VTU’s academic ecosystem.
Access: Under the agreement, students will receive access to Google’s educational content for a subsidised fee of Rs. 350
Industry Support: Stem Lore Innovators LLP, a subsidiary of Qualcomm, will provide training in Artificial Intelligence (AI), Internet of Things (IoT), embedded systems, and product prototyping, while also establishing a Centre of Excellence (CoE) in Edge AI.
Other Initiatives: The BSF will introduce skill-oriented courses on project-based learning, JavaScript, and data documentation.

• VTU will also launch the Skilling, Employability, and Entrepreneurship Learning (SEEL) programme through its Mysuru e-Learning Centre.

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